ECB: Ireland is largest base for SPVs in the eurozone

Such vehicles — many of which are shell companies set up to borrow or invest — had assets, chiefly loans and debt, of €391bn, which is greater than the Irish economy.
The data comes amid a debate about the country’s hosting of such conduits, pitting critics, who see a risk to the country’s reputation, against those who want to keep them to help attract business from London after Brexit.